MTF MARSI – Multi Time Frame MA-RSI MT4 Indicator
MTF MARSI – Multi Time Frame MA-RSI MT4 Indicator
Multi Time Frame Moving Average of RSI (MARSI) calculates the SMA on RSI on multiple time frames. The MARSI is somewhat more sluggish in its reaction than the RSI but also exhibits less “noise”. Some investors consider the RSI to be one of the best indicators available. There are a number of books and articles written about RSI, how to use it, and the value it provides in predicting the short-term direction of currency pairs.
Even though RSI is one of the principal momentum indicators used when analyzing charts, some trader’s have found that the RSI works best when it’s combined with moving averages. Investors think an uptrend is when both price highs are moving higher and price lows are also moving higher and a downtrend is when both price lows are moving lower and price highs are also moving lower.
The MARSI can be interpreted exactly as for the RSI. A somewhat more advanced application involves plotting the MARSI together with the RSI, with a view to generating trading signals in this way. RSI that is smaller than 35 but larger than the MARSI is interpreted as a buy signal. RSI larger than 65 but smaller than MARSI is regarded as a sell signal. Don’t worry MTF MARSI indicator makes things easier for you by showing the trend on each time frame.
How To Trade With Multi Time Frame Moving Average of RSI (MARSI):
Buy Signal: Wait for all time frame MARSI bars to turn to green.
Sell Signal: Wait for all time frame MARSI bars to turn to red.
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